EEA to establish economic policy research institute
ADDIS ABABA (ENA) –The Ethiopian Economic Association (EEA) said, it has finalized preparations to set up an economic research institute at a cost of over 1.5 million dollar obtained from donor organizations.
EEA President, Dr. Birhanu Nega, said the soon to be established institute would provide economic policy researchers (conducted by the association) to policy makers and the public at large.
Dr. Birhanu made the remark here yesterday at the day long EEA annual general assembly and a panel discussion held under the theme 'financial sector liberalization in Ethiopia.'
He said a new global financial architecture was abounding as the existing had revealed its deep flaws during the financial crises of Asia with reverberations all over the global economy.
The envisioned financial architecture is expected to be more transparent and ensure more participation in decision-making and norm-setting.' he said.
According to Dr. Birhanu, the system should enhance financial mobility; improve early warning and response quickly to financial crises of the developing countries in particular.
Opening the assembly, Governor of the National Bank of Ethiopia (NBE), Tekle-Wold Atnafu, said the financial sector liberalization had revitalized the financial system of the country and improved financial intermediation and resource allocation through the banking system.
He said the introduction of the system has also contributed a great deal towards the promotion of trade, savings and investment thereby ensuring the viability and stability of the financial system.
Established in November 1991, EEA currently has 984 members